Who Owns Saab Now?

Are Saab cars reliable?

Saab 9-3 owners are generally a very satisfied bunch, and the car usually does well in customer reports, such as the JD Power survey.

Faults are never something they worry unduly about, although the car is only mid-ranking in our reliability report..

Who currently owns Saab?

Saab went bankrupt in December 2011 and was bought by a Chinese-Swedish investment group, National Electric Vehicle Sweden (Nevs), last year. The carmaker will restart production of its 9-3 sedan model at its Trollhattan factory in western Sweden.

Is Saab still making cars?

The end of an era: Saab cars go defunct in 2011 After the company’s 20-year merger with Scania-Vabis came to an end in 1989, American car giant General Motors took a 50 per cent share of the new Saab Automobile business before making the company a wholly-owned subsidiary in 2000. Saab cars were no longer made by Saab.

When was the last Saab made?

General Motors sold off Saab to Spyker in 2010, but the company went bankrupt in 2011 and halted production at its plant in Trolhättan, Sweden.

Why did Saab go out of business?

Saab (sadely) ended production because GM had poorly managed the company – with limited cash to develop new products and insisting that new models be developed on old uncompetitive platforms that were ready for the dustbin. GM destroyed the Swedish engineering excellent they spent so much money to buy.

Why is Saab so cheap?

Since Saab is out of business, they’re quite cheap to buy, and parts are readily available for this generation since it had a long (1999–2009) production run. They were very loaded for their time and generally are safe cars. … Also, Saab makes some of the most comfortable front seats in the business.